LAW OF AGENCY UPDATED COMPLETE QUESTIONS AND CORRECT ANSWERS BUNDLED RESOURCE

LAW OF AGENCY UPDATED COMPLETE
QUESTIONS AND CORRECT ANSWERS
BUNDLED RESOURCE

●● A person who receives limited brokerage services without
establishing an agency relationship.


a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client
Answer: D


●● Based on trust.


a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client
Answer: A

,●● Also known as the principal.


a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client
Answer: E


●● A relationship between two parties.


a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client
Answer: C


●● Refusing to tell a buyer how long a property has been on the market.


a. Customer Level

,b. Client Level
c. Both
Answer: A


●● Helping the buyer formulate a negotiating strategy.


a. Customer Level
b. Client Level
c. Both
Answer: B


●● Disclosing material facts about a seller's property.


a. Customer Level
b. Client Level
c. Both
Answer: C


●● Refusing to provide a negotiating strategy to a seller.


a. Customer Level
b. Client Level

, c. Both
Answer: B


●● Providing public information related to the property, such as square
footage, taxes.


a. Customer Level
b. Client Level
c. Both
Answer: C


●● Telling a buyer that a seller's property is overpriced.


a. Customer Level
b. Client Level
c. Both
Answer: B


●● Disclosing to a buyer that the current use of a property is in violation
of deed restrictions.


a. Customer Level
b. Client Level